Financing European Public Policies under New Challenges’ Impact

Abstract

The paper deals to the idea that supranational and national public administrations face to new challenges not only in 2016. The changes in the European public policies have to be supported by changes in the financing process. As a result, new structures for the annual budgets started from 2015. A comparative analysis of the EU budgets for 2015, 2016, 2017 and the financial perspective 2014- 2020 offers a scientific point of view about the present and future problems which have to be solved by public administration. Moreover, the analysis of the tendencies is realised in the context of other research in this topic area. The main conclusion of the analysis is that EU became very prudent in building its annual budgets and use buffer stock in the budget framework. The analysis and its conclusions are supported by the latest official statistical data, pertinent tables and diagrams.

Keywords

• supranational and national administrations; annual budget; socio-economic challenges; budgetary mechanisms